 |
| LATEST LATEST LEGAL NEWS ARCHIVE |
LATEST NEWS & EVENTS North/south divided evident in residential property conveyancing  The residential property conveyancing market in the UK is split between a strong south and a weak north, the Royal Institution of Chartered Surveyors (Rics) has said. Analysis from various surveys of the real estate market reveals "a clear and consistent set of regional trends", the organisations explained. The latest Housing Market Survey for February showed London was the only region experiencing positive house price expectations, followed by the south-east. In the north, the picture is much "weaker", Rics said, noting that Yorkshire and Humberside recorded the most depressed house price expectations. Meanwhile, the Rics Lettings Survey for the first quarter of 2011 showed rental expectations in the private rented sector are highest in London and the south-east. Commenting on the figures, Rics economist Himanshu Wani said the data reflects the way the UK is recovering from recession. "Indeed, with large public spending cuts forthcoming the risk is that the existing regional disparity will become even more pronounced unless the government's growth strategy chalks up early successes," he added. It comes as the Council of Mortgage Lenders reports that lending in February for residential property conveyancing remained almost unchanged from January. Posted by Alex McLean 
Related Articles: 17/5/2012 - Discussing death remains taboo as wills and inheritance tax planning suffers 11/5/2012 - Queen's Speech legal reforms welcomed 4/5/2012 - Create Lasting Power of Attorney before it's too late 2/5/2012 - Support for will writing regulation grows 25/4/2012 - Inheritance tax planning could net £450m a year in savings More Individual Legal Services News |
|||
| © 2012 Lamport Bassitt | DEFAULT ZOOM | DISABILITY INFORMATION | LEGAL INFORMATION |